Ondrej Linda is senior director of Personalization AI at Zillow. This article is edited and adapted from prepared remarks delivered before a recent congressional hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and...
Mortgage rates dropped to their lowest rate in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8, down from last week when it averaged 6.73%. A year ago at...
Mortgage application activity was on the rise for the week ending Aug. 2, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.9% on a seasonally adjusted...
Total household debt increased by $109 billion in during the second quarter to $17.80 trillion, a 0.6% uptick, according to new data from the Federal Reserve Bank of New York. Regarding housing debt, the new data report found mortgage balances up by $77 billion from...
Mortgage rates dipped to a six-month low in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.73% as of Aug. 1, down from last week when it averaged 6.78%. A year ago at this time, it averaged...
Mortgage application activity dropped during the week ending July 26, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.9% on a seasonally adjusted basis from...
Rents Fall for 33rd Straight Month Amid Surge in New Multifamily Constructi…
